The Truthful Labor Requirements Act (FLSA) units a minimal wage threshold for exempt staff, which is the minimal quantity an worker should be paid to be thought of exempt from additional time pay. For 2022, the federal minimal wage for exempt staff is $35,568 per 12 months, or $684 per week. Which means that employers should pay exempt staff no less than this quantity with a purpose to keep away from paying them additional time for hours labored over 40 per week.
There are a number of advantages to classifying staff as exempt. Exempt staff aren’t entitled to additional time pay, which might save employers cash. Moreover, exempt staff are sometimes seen as extra helpful and trusted staff, which might result in greater ranges of job satisfaction and productiveness.
